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Rapid City, SD 57702 1948 Hillsview Dr

1948 Hillsview Dr Rapid City, SD - Image 11948 Hillsview Dr Rapid City, SD - Image 21948 Hillsview Dr Rapid City, SD - Image 3
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Presented By: COLDWELL BANKER BLACK HILLS LEGACY
  • MLS# 179920
  • 07/08/2026
  • Request Tour
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Home Details

This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.
Presented By: COLDWELL BANKER BLACK HILLS LEGACY

Interior Features for 1948 Hillsview Dr

Other Interior Features

Total Number of Units5
Unit FeaturesSome Units, Window Coverings, Fireplace

General for 1948 Hillsview Dr

Auction Y/NNo
CityRapid City
CoolingCentral, Window
CountyPennington
Docs on FileLeases
HeatingForced Air, Natural Gas
Originating MLSBlack Hills AOR
ParkingSee Remarks
Postal Code57702
Primary CityRapid City
Public RemarksThis 5-plex is being offered at $106, 395 per unit—this well-maintained 5-unit multi-family property currently generates $49, 380 in annual rental income and offers immediate income with long-term po
RoofComposition
SewerCity (at site)
StatusACTIVE
Status Detail0
SubdivisionSHERMAN
SubdivisionSD
TermsCash, New Loan
TypeMultiplex
ViewTrees
WaterCity (at site)
Year Built1949
ZoningConforming

Exterior for 1948 Hillsview Dr

FoundationNone
Lot Dimensions0.9
Lot TypeCorner

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $531,977
MLS#179920
List Date 07/08/2026
Property Type Multi-Family
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